Gamco Investors INC. ET AL Boosts Stake in Centuri Holdings, Inc. $CTRI

Gamco Investors INC. ET AL raised its position in Centuri Holdings, Inc. (NYSE:CTRI) by 52.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 195,500 shares of the company’s stock after purchasing an additional 67,000 shares during the period. Gamco Investors INC. ET AL’s holdings in Centuri were worth $4,936,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its stake in Centuri by 13,385.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock valued at $40,000 after buying an additional 1,874 shares during the last quarter. Amalgamated Bank increased its stake in Centuri by 288.1% in the 3rd quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock valued at $48,000 after buying an additional 1,691 shares during the last quarter. CWM LLC increased its stake in Centuri by 59.7% in the 4th quarter. CWM LLC now owns 4,045 shares of the company’s stock valued at $102,000 after buying an additional 1,512 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Centuri in the 3rd quarter valued at about $119,000. Finally, Tower Research Capital LLC TRC increased its stake in Centuri by 121.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after buying an additional 3,037 shares during the last quarter.

Centuri Stock Up 1.9%

Shares of NYSE:CTRI opened at $29.51 on Thursday. The firm has a fifty day moving average price of $32.10 and a two-hundred day moving average price of $28.31. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.88 and a quick ratio of 1.88. Centuri Holdings, Inc. has a one year low of $17.97 and a one year high of $42.99. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 86.79, a PEG ratio of 1.00 and a beta of 1.34.

Centuri (NYSE:CTRI) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.05. The business had revenue of $688.69 million for the quarter, compared to the consensus estimate of $618.87 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The company’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) earnings per share. Analysts anticipate that Centuri Holdings, Inc. will post 0.59 EPS for the current fiscal year.

Analysts Set New Price Targets

CTRI has been the subject of several analyst reports. Wall Street Zen upgraded shares of Centuri from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Robert W. Baird set a $41.00 price objective on shares of Centuri in a research note on Friday, May 8th. UBS Group increased their price objective on shares of Centuri from $33.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Cantor Fitzgerald increased their price objective on shares of Centuri from $37.40 to $46.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Centuri in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $37.80.

Centuri Company Profile

Centuri Construction Group, Inc (NYSE: CTRI) is a heavy civil contractor specializing in water and wastewater infrastructure projects. The company delivers end-to-end services encompassing design-build, engineering, procurement and construction for water transmission mains, wastewater force mains, treatment facilities, pump and lift stations, and stormwater management systems.

Centuri’s core offerings include pipeline installation and rehabilitation, civil sitework, earthwork, structural concrete and slope protection.